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Description

Incredibly Popular 37-1/2 Roubles

Nicholas II gold 37 Roubles 50 Kopecks (100 Francs) 1902 AU58 NGC, St. Petersburg mint, KMY-B65, Fr-170, Bitkin-315 (R2), Severin-578 (RRR). Mintage: 235. The largest gold issue struck in Imperial Russia and thus one of the premiere chase coins for specialists in that area. Bitkin posits that the type was not meant for circulation, a fact borne out by the remarkable level of preservation witnessed here, with hardly any discernible wear, even on the device high points. In fact, upon reconsideration, one would not be surprised to see this piece assigned a grade in the lower rungs of Mint State, though we acknowledge the presence of scattered hits to the planchet.

Struck shortly after Russia adopted the international gold standard, this piece reflects the strong influence of foreign banking interests, particularly those in France. Its reverse legend includes "100 Francs," aligning it with the Latin Monetary Union and underscoring economic ties to French lenders. Matching the gold content and fineness of a French 100 Francs coin, the 37 Roubles and 50 Kopeks issue was theoretically interchangeable at par but was never meant for circulation.

Metal: Gold
Weight: 32.25g
AGW: 0.9331oz
Mintage: 225


Note: Due to increasing international regulations regarding tariffs, sanctions, and import restrictions on this lot, additional duties or other restrictions may apply to this lot. Heritage requires all Russian-made items that are shipped internationally to have shipping instructions on file. If you purchase this lot and would like it shipped internationally, you will be emailed our shipping instructions to review and sign after the auction, acknowledging your understanding of the applicable duties, regulations, and responsibilities associated with shipping Russian-made items internationally.

More information about Russian Coins. See also: Russia World Coin Nationality.

Estimate: $100,000 - $150,000.

View Certification Details from NGC

Auction Info

Proxy Bidding Ends 
September
3rd Thursday 4:50 pm CT
Auction Dates
September
1st-5th Tuesday-Saturday
Proxy Bidding Time Remaining 
18 Days 11h 24m 29s
Bids + Registered Phone Bidders: 1
Lot Tracking Activity: 104
Page Views: 599

Buyer's Premium per Lot:
22% of the successful bid (minimum $29) per lot.

This lot is in: 4 - Signature® Floor Session - Platinum Session (Live Floor, Live Phone, Mail, Fax, Internet, and Heritage Live):
(Lots 33001-33326) - 5:00 PM Central Time, Thursday, September 3, 2026.
[Proxy bidding ends ten minutes prior to the session start time. Live Proxy bidding on Heritage Live now starts within 2 hours of when the auction opens for proxy bidding and continues through the live session.]

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Additional Location Info:
Heritage Auctions - Dallas
2801 W. Airport Freeway
Dallas, TX 75261

Current Bid:
$50,000
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